Bornite Capital Management LP Raises Stock Position in Quanta Services, Inc. $PWR

Bornite Capital Management LP raised its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 51.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,700 shares of the construction company’s stock after buying an additional 52,800 shares during the period. Quanta Services comprises approximately 6.0% of Bornite Capital Management LP’s investment portfolio, making the stock its 4th biggest position. Bornite Capital Management LP’s holdings in Quanta Services were worth $64,525,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Northwestern Mutual Investment Management Company LLC lifted its position in shares of Quanta Services by 0.5% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 4,750 shares of the construction company’s stock worth $1,968,000 after purchasing an additional 23 shares during the last quarter. Rothschild Investment LLC lifted its holdings in Quanta Services by 2.8% during the 3rd quarter. Rothschild Investment LLC now owns 850 shares of the construction company’s stock valued at $352,000 after buying an additional 23 shares in the last quarter. Petros Family Wealth LLC boosted its position in Quanta Services by 2.2% in the 3rd quarter. Petros Family Wealth LLC now owns 1,101 shares of the construction company’s stock valued at $456,000 after buying an additional 24 shares during the period. Ashton Thomas Private Wealth LLC grew its stake in Quanta Services by 1.2% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 2,250 shares of the construction company’s stock worth $851,000 after acquiring an additional 26 shares in the last quarter. Finally, Carr Financial Group Corp increased its position in shares of Quanta Services by 1.8% during the third quarter. Carr Financial Group Corp now owns 1,471 shares of the construction company’s stock worth $610,000 after acquiring an additional 26 shares during the period. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Down 0.8%

NYSE:PWR opened at $520.97 on Thursday. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 0.66. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $543.28. The company has a market cap of $77.69 billion, a PE ratio of 77.18, a P/E/G ratio of 2.54 and a beta of 1.15. The company’s 50 day moving average is $460.55 and its two-hundred day moving average is $431.77.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, beating the consensus estimate of $3.00 by $0.16. Quanta Services had a return on equity of 18.74% and a net margin of 3.74%.Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. raised Quanta Services from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $457.00 to $515.00 in a research note on Monday, December 8th. Evercore increased their price target on Quanta Services from $410.00 to $480.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Jefferies Financial Group decreased their price objective on Quanta Services from $517.00 to $506.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. Citigroup increased their target price on shares of Quanta Services from $526.00 to $540.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Finally, Roth Mkm set a $500.00 price target on shares of Quanta Services and gave the company a “buy” rating in a report on Friday, October 31st. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Quanta Services presently has a consensus rating of “Moderate Buy” and an average price target of $464.15.

Quanta Services Profile

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.